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Business, 30.06.2020 16:01 gabby77778

Scenario one: Market: Tomatoes (in Florida) Event: A winter storm freezes Florida and 10% of the farm crops are lost to frost.
i) What happens to the demand for tomatoes?
ii) What happens to the supply of tomatoes?
iii) What happens to the equilibrium price of tomatoes in this market?
iv) What happens to the equilibrium quantity of tomatoes in this market?

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Scenario one: Market: Tomatoes (in Florida) Event: A winter storm freezes Florida and 10% of the fa...
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